Bonds
-
DCM Insider Weekly – 28th September 2026
M&A and AI driving DCM primary. $50 billion+ from Paramount Skydance. $10 billion+ deals from Sysco and SoftBank. High-yield starting to widen – risk this could…
-
Data center and GPU financing – who will borrow, structures, and fee pools
Data center capex globally over 2027 and 2028 is likely to be over $2 trillion. At least $1 trillion of this likely to be funded with…
-
Life at 5% – which borrowers refinance, which need a new structure, and who to call now
Rates have increased from 1% to 5% over the last 6 years. This will lead to defaults as some companies need to refinance, reduced activity in…
-
DCM Insider Weekly – 21st September 2026
Multiple $10 billion+ deals. Issuers taking advantage of calm following FOMC decision – to get deals locked in. M&A and banks driving supply.
-
The $100 billion+ per year Asia data center financing opportunity – as ByteDance raises $29.6 billion, TCS in $7.4 billion Indian data center campus deal
Asian data center financing is likely to grow rapidly. There is a large-scale opportunity for investors, bankers, lawyers and other debt capital markets participants.
-
DCM Insider Weekly – 14th September 2026
Big market moves. 5% 10Y. $106 oil. Busy primary markets – issuers taking advantage of strong demand.
-
Norway’s SWF $80 billion US Treasury reduction – a force for lower global credit spreads
Norges Bank Investment Management, the state manager of Norway’s sovereign wealth fund (the Government Pension Fund Global), sent a letter to Norway’s Ministry of Finance suggesting…
-
Tight spreads meet rate risk as markets brace for September supply
Debt markets remain highly receptive to issuance as spreads tighten, but rising-rate risk, heavy September supply and covenant concerns leave disruption risks in focus.
-
Tight spreads and rate risk set up a heavy September issuance window
Credit spreads are around 25-year lows as capital flows into debt markets, while rate, default and covenant risks leave issuers focused on the September window.
-
GSK, AstraZeneca and banks lead busy bond markets ahead of US reopening
European and Asian bond markets stayed active as pharmaceuticals, banks, sovereigns and EM issuers printed deals, while US supply remained subdued before the holiday break.